Restricting imports usually leads to
A. a higher per capita level of real consumption.
B. a reduction in exports and employment.
C. a country producing beyond its production possibilities frontier.
D. a country consuming even further beyond its production possibilities frontier.
Answer: B
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A firm's demand curve for labor coincides with the:
a. marginal cost curve. b. average cost curve. c. marginal revenue curve. d. marginal revenue product curve.
A study which observes whether a particular occurrence influences some outcome is referred to as a(n):
A. event study. B. exponential study. C. laboratory study. D. comparative study.
The quantity theory of money and prices assumes
A. velocity is increasing at a constant rate. B. the price level is constant. C. the price level is increasing at a constant rate. D. velocity is constant.
List three ways government can reduce depletion of an endangered resource. Which of these ways requires the least amount of management, monitoring, and bureaucracy?
What will be an ideal response?